Singapore President Tharman Shanmugaratnam emphasized the need to cut debt and increase tax revenues to tackle issues like climate change and ageing populations. He highlighted the importance of fiscal reforms and investing in long-term solutions during a panel discussion at the World Economic Forum in Davos.
The world needs to cut high levels of debt and raise tax revenues to deal with challenges such as climate change and rapid ageing in developed countries, said Singapore President Tharman Shanmugaratnam.
Speaking at a World Economic Forum panel discussion in Davos, the President said the world needs to invest in solutions for these long-term challenges, which would require fiscal reforms.
Singapore President Debt Reduction Tax Revenues Climate Change Ageing Populations Fiscal Reforms World Economic Forum Davos
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